Topic: Is there any TA guys you trust? - page 2. (Read 471 times)

You can find those technical analyst or gurus anywhere giving out chart analysis on where would prices would go, either with Bitcoin and other alts as well.

Honestly speaking, I'm not really interested on following these guys yet I can make my own TA without the need of those people.Its much better to learn up for
yourself rather than tailing someones prediction.

People liked 'master Luc ' because he was super bullish and also very large and long term in his predictions which gives people some certainty.   In theory its easier to call a longer term trend over the needle moving up and down every day on every bit of flow and news.

I would recommend you google nictrades and another trader who previously covered crypto also (might still in private on request I guess) is alphatrends.   Both of twitter and youtube regularly without needing any special access but both daytraders.    They been around a decade and crypto is just one of the many currencies or graphs they cover, I find someone like that isnt trying to be nice about it just is going to call it the way it is most of the time

You can find more on the WO section here in the forum but don't expect too much. If I were you please take time to learn how to analyze so thay you wouldn't have to lean on others analysis. You can nurture it if you really are interested to become one.

Today almost every crypto user count himself as TA. I do not believe to any of them. Well, I used to before and the final wasn't good. But whom to judge in that case, TA just said his opinion and it's up to you to follow it or not, in negative result the problem is only yours.

The chart tells you when the market is ranging too. You can trade the range (selling near the top and buying near the bottom) instead of waiting for trends to emerge. That's what the entire last year has mostly been.....boring range trading. On top of that, ranging conditions are safe for higher leverage, so traders use margin to squeeze more money out of smaller moves.

HairyMclairy ....

And yes there were Some genious Guys like master Luc etc but most of them are much more wrong as right last year

Only when the very obvious is happening Then they are right but.... many many TA Guys just stopped and deleted accounts probably cause they were always wrong lately.....

Also TA is not really the thing i believe in or really follow, but i like to see the bullish once but more for amusement
Though hairy has a very sober and good look on the BTC market IMHO and i like his post and charts very much....

But of-course whatever TA anyone draws.... i just stick with my very only 1
And that is the long term HODL and belief BTC Will succeed and on the march to there just buy/increase stash were and when possible

If my 1 one and only long term TA/thought succeed Then i’m the wizard

Great point. I think they can't make money. TA can be useful in trending markets, but when the market is ranging, TA is pretty much useless. Also, the sad reality is that the vast majority of TA crypto traders are losing money because they have been taught to be reversal traders, rather than being trend-following traders.

I'm not sure about this, but I think that the TA indicators (taken over from forex and the other markets) are probably not so suitable for the present stage of the crypto market.

I follow a few analysts like Tim West and John Bollinger. When they post a trade idea or expect a breakout, it's usually worth paying attention, if only to temper your own biases.

Do I trust them? No, that's the wrong word. Beginners often think there is some foolproof method to trading, or analysts that are always correct. In reality, even the best traders are only correct 50-70% of the time and sometimes experience pretty painful drawdowns and losses.

Can't learn to trade without trial by fire and having been both in the red and in the black on margin.  Until both of those things have happened several times, you will always be crap.  It's not possible to learn risk management without ever having risked anything.

Didn't look at the video yet, but I agree with you about the dogma TA people tend to preach, and I'd say I'm way beyond being skeptical about technical analysis as a way to make money.

One of the things I've come to learn during my time investing in the stock market is that trying to predict future prices based on past activity is a fool's errand.  The people who've made the most money in the stock market aren't TA folks, they're the ones who use fundamental analysis and look for value in a company whose stock they're thinking of buying (think Warren Buffett).  I would say people like Jesse Livermore are the rare exception to that rule, though I'm sure there are others from more recent times.

On the other hand, with crypto there isn't much fundamental analysis you can do.  Cryptos aren't corporations with earnings and dividend-paying stocks; there's no mergers & acquisitions; there's no potential for corporate expansion.  The only thing anyone can do is read the news and stare at price charts--so it's not surprising that there are so many TA followers in crypto.  I just don't know of any who've made big money following their patterns.  I don't think it can be done, at least not in the long-term.  Momentum is one thing, but how are TA people making money now, when bitcoin has been stalled for many months?

not, but not just because majority of those who post TA online are full of themselves but mainly because i don't trust Technical Analysis and more importantly because i do believe that even through TA  can be a useful tool in the hands of a trader but in bitcoin market it won't work most of the times.

I do not, especially because of how one TA 'influencer' can be a fantastic trader today, but a total sucker tomorrow. Another thing is that most of today's crypto TA people always have to sell you something....

If trading was really that profitable for them, they wouldn't waste their time live streaming their trading sessions and shilling their courses and signals. There is no shortage of them nowadays. So much quanity, so little quality.

Always do your own research. Never buy significant amounts of bitcoin based on what somebody else recommends/predicts. Bitcoin especially can be very volatile. I’ve seen loads of supposed experts be totally wrong about price movements.

Just be careful - Friendly advice.

Good question. Personally, I just look at tradingview and read the TA of traders. But I don't follow particular guy though, I don't know but I would rather do my own TA or at least learn how to create my own so that I won't have to blame someone if things doesn't went as it predicted. 

So if you are not familiar with TA, then I suggest you dig more and try to learn it by yourself. Here is some cheat sheets for beginners, https://bitcointalksearch.org/topic/trading-cheat-sheet-collection-4846473.

I used to follow some crypto guys that I thought were good. But then I found this guy:

https://www.youtube.com/channel/UCc8IRYpgBr4NGbaQFnd2b-A

He doesn't do crypto, just forex and metals, but I trust his system much more. IMO it is way better than the usual BS preached and recycled by thousands of other self proclaimed experts out there.

P.S. He won't give you the exact system how to trade. Rather, he would encourage you do make your own trading system based on technical analysis by giving you the basic rules and principles.

Every tradingview analyst are always right in hindsight. But is there someone you believe in based on past performance?